- Bullish TRX price prediction is $0.12565 to $0.17985.
- The TRX price will also reach $0.2 soon.
- TRX’s bearish market price prediction for 2022 is $0.02467.
In TRON’s (TRX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about TRX to analyze the future movement of the cryptocurrency.
TRON Current Market Status
According to CoinGecko, the price of TRX is $0.081830 with a 24-hour trading volume of $3,603,609,394 at the time of writing. However, TRX has increased by nearly 5.7% in the last 24 hours.
Moreover, TRX has a circulating supply of 98,386,492,609 TRX. Currently, TRX trades in cryptocurrency exchanges such as Binance, OKX, BitCoke, Bitget, and Bybit.
What is TRON (TRX)?.
TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. TRON has positioned itself as an environment where content creators can connect with their audiences directly. TRX can be utilized as a store of value, as an investment or you can trade TRON for other cryptocurrencies.TRON transactions are anonymous, however, these are only on the network itself. TRON has a secure reputation in the crypto world.
TRON (TRX) Price Prediction 2022
TRON holds the 18th position on CoinGecko right now. TRX price prediction 2022 is explained below with a daily time frame.
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. When the price is around the upper trend line, look for short opportunities, although aggressive traders could trade long and short at both trend lines looking for a bounce or pullback. Another way to trade this pattern is to wait for the price to break through either trendline. Descending channels, like ascending channels, are a tool for determining whether the trend in price will continue.
Currently, TRX is in the range of $0.081830. If the pattern continues, the price of TRX might reach the resistance level of $0.08845, $0.12305, & $0.107660. If the trend reverses, then the price of TRX may fall to $0.05056.
TRON (TRX) Support and Resistance Level
The below chart shows the support and resistance level of TRX.
From the above daily time frame, it is clear the following are the resistance and support levels of TRX.
| Resistance Level 1 | $0.12565 |
| Resistance Level 2 | $0.17985 |
| Support Level 1 | $0.07624 |
| Support Level 2 | $0.04994 |
| Support Level 3 | $0.03475 |
| Support Level 4 | $0.02467 |
The charts show that TRX has performed a bullish trend over the past month. If this trend continues, TRX might run along with the bulls overtaking its resistance level at $0.17985.
Accordingly, if the investors turn against the crypto, the price of the TRX might plummet to almost $0.02467, a bearish signal.
TRON Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of TRX is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of TRX lies below the cutoff line, indicating weaker participants in the current trend.
More so, the TRX’s Moving Average (MA) shown in the chart above. Currently, TRX is in a bullish state. Notably, the TRX price lies above 50 MA (short-term), so it is completely in a upward trend. Therefore, there is a possibility of a reversal trend of TRX at any time.
Meanwhile, the relative strength index (RSI) of the TRX is at level 62.21. This means that TRX, in a nearly overbought state. However, this means a major price reversal of TRX may occur in the upcoming days. So, traders need to trade carefully.
TRON Price Prediction 2022 — ADX, RVI
Let us now look at TRON Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of TRON. Currently, TRX lies in the range of 42.03467, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of TRX. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of TRX lies below the 50 levels, indicating that the direction of volatility is low. In fact, TRX’s RSI is at 62.21 level thus confirming a potential sell signal.
Comparison of TRX with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and TRON.
From the above chart, we can identify the trend of the ETH, and BTC are moving in the same sirection but TRX moves in a opposite direction. Therefore, if BTC increases TRX decreases, if BTC decreases TRX increases respectively.
Conclusion
With continuous improvements in the TRON network, we can say that 2022 is a good year for TRX. For this reason, the bullish price prediction of TRON in 2022 is $0.17985. On the other hand, the bearish TRX price prediction for 2022 is $0.02467.
Furthermore, with the advancements and upgrades on the TRX ecosystem, the performance of TRX would help to reach above its current all-time high (ATH) $0.231673 very soon. But, it might also reach $0.2 if the investors believe that TRX is a good investment in 2022.
FAQ
The TRON is the fastest and only infinitely scalable general-purpose blockchain. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum.
TRX has listed on many crypto exchanges which include Binance, OKX, BitCoke, Bitget, and Bybit.
With the ongoing developments and upgrades within the TRX platform, it has a high possibility of reaching its ATH soon.
On Jan 05, 2018, TRX reached its new all-time high (ATH) of $0.2316.
TRON (TRX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of TRX in the past few months, TRX is considered a good investment in 2022.
TRON (TRX) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then TRON (TRX) will hit $0.2 soon.
TRON (TRX) price is expected to reach $0.32 by 2023.
TRON (TRX) price is expected to reach $0.47 by 2024.
TRON (TRX) price is expected to reach $0.65 by 2025.
TRON (TRX) price is expected to reach $0.8 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Source: https://thenewscrypto.com/tron-price-prediction